Sure Shot Intraday Tips

Yesterday, at NCDEX future, the top gainers were Castor Seed for February contract (4.0%), Castor Seed for January contract (4.0%), Chilli for February contract (4.0%), Chilli for March contract (4.0%) and Coriander for January contract (4.0%)

The top losers at NCDEX future were Copper Cathode for April contract (-3.3%), Gur for January contract (-0.6%), Gold for April contract (-0.6%), Light Sweet Crude Oil for January contract (-0.4%) and Gold 100 Gms for January contract (-0.3%)

Yesterday, at MCX future, the top traded commodities in terms of quantity were Crude Oil for January contract with 91,856 lots, Copper for February contract with 64,233 lots, Natural gas for December contract with 31,520 lots, Silver M for February contract with 31,071 lots and Natural Gas for January contract with 27,147 lots.

On the domestic arena, at MCX, Crude Oil for January contract closed at Rs 4,142.00. Gold for February contract closed at Rs 20,514.00. Gold M for January contract closed at Rs 20,379.00. Silver for March contract closed at Rs 44,376.00. Natural Gas for December contract closed at Rs 180.80.

In the international market, Crude rose to trade near a two-year high in New York on speculation stockpiles declined in the U.S., the world’s biggest oil-consuming nation, and as the dollar extended losses. Crude for February contract increased as much as 34 cents, or 0.4 per cent, to USD 91.34 a barrel in electronic trading on the New York Mercantile Exchange. It was stood at USD 91.28 at 10:15 a.m. Singapore time. Yesterday, the contract lost 51 cents after reaching USD 91.88.

Gold advanced for a third day on speculation that the dollar’s retreat may boost demand for the precious metal as an alternative investment. Gold for immediate delivery increased by 0.2 per cent to USD 1,387.10 an ounce and was at USD 1,385.75 at 10:19 a.m. in Tokyo. Gold for February contract at the Comex in New York gained 0.3 per cent to USD 1,386.30 an ounce.

On the domestic front, the country is likely to see 2.92 per cent dip in coffee production for the crop year 2010-11. Coffee Board has forecasted post monsoon coffee crop at 2, 99,000 tonnes as against its post blossom estimate of 3, 08,000 tonnes.

Regards,
Sure Shot Intraday Tips   ||   Nifty Tips

Free Commodity Tips On Mobile

TATAMOTORS View:

On daily chart the stock has taken support from its 20- DMA, closed with a bullish candle with increase in volume. Momentum Oscillators are neutral to positive.

Pivot points based on 60 minute chart are

P=1301 R1=1323 R2=1334 S1=1291 S2=1269

We recommend to:

Buy Dec. Fut. Above 1314.00

Stop Loss: 1300.00

Target: 1340.00

Lot size: 250

PIRHEALTH View:

On daily chart the stock is sustaining above its 20-DMA,

closed with a bullish candle with increase in volume.

Momentum Oscillators are neutral to positive.

Pivot points based on 60 minute chart are

P=462 R1=466 R2=468 S1=460 S2=456

We recommend to:

Buy Dec. Fut. Above 465.00

Stop Loss: 460.00

Target: 475.00

Lot size: 500

ROLTA View:

On daily chart the stock is showing weakness against

the market. Momentum Oscillators are neutral to

negative.

Pivot points based on 60 minute chart are

P=144 R1=146 R2=147 S1=143 S2=141

We recommend to:

Sell Dec. Fut. Below 141.00

Stop Loss: 143.00

Target: 137.00

Lot size: 2000

Regards,

Commodity Tips Free Trial  ||  Free Commodity Tips